Energy storage battery competition

Will long-duration energy storage out-compete lithium-ion batteries?

New York/San Francisco, May 30, 2024 – Long-duration energy storage, or LDES, is rapidly garnering interest worldwide as the day it will out-compete lithium-ion batteries in some markets approaches and as decarbonization plans become more ambitious.

How does global competition affect battery-pack costs?

Battery-pack costs decline by more than 50 percent by 2025 in the base case as global competition intensifies, leading to larger-scale manufacturing, consolidation, improvements in manufacturing processes and technology, and commoditization of products.

What are the challenges faced by solid-state battery production?

Industry Challenges: Solid-state battery production faces hurdles such as high manufacturing costs, scalability issues, and material availability, which must be addressed for successful market adoption.

Will energy-storage companies win big?

As the market evolves, we expect a relatively small set of energy-storage companies to win big, taking share away from less cost-effective rivals. In this article, we look at how the cost profile of energy-storage systems is changing and what companies in the sector can do to boost their chances of success.

What is the best-in-class scenario for battery manufacturing?

The best-in-class scenario envisions that battery makers will incorporate multiple chemistries and formats (for example, reduced cobalt cathodes and solid-state batteries), gain more efficiencies from automation and added scale, integrate their supply chains, and even move some operations like electrode manufacturing in-house.

What is a solid-state battery?

Solid-state batteries are a type of energy storage technology that uses solid electrolytes instead of liquid ones found in traditional lithium-ion batteries. They offer advantages like higher energy density, improved safety, and longer lifespan, making them a promising alternative for electric vehicles and other applications.